student loan repayment calculator

Student loans to be simplified

The company that dishes out millions of pounds in loans to students each year is ditching the mountains of paperwork, streamlining the convoluted application process and reducing the confusion over repayments that have plagued many graduates over the past 15 years.

Instead, the Student Loans Company's revamped system will give new students quotes showing how much they can borrow and accept online applications.

Graduates will also be able to work out how much they need to repay at any time using an online calculator.

The moves should help students and graduates to get a better grip on their finances.

Problems have arisen in the past from initial loan applications, which have to go through the local council before being passed to the SLC.

Another common complaint from students is that they are often left without funding for weeks when payments are delayed.

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IT outsourcing procurement boom ending

The global boom in IT outsourcing is waning, according to research by management consultancy firm DiamondCluster International. Procurement chiefs revealed that they would ramp up onshore outsourcing by 50 per cent and offshoring by 64 per cent on average, yet these figures represent a dip compared to previous reports, indicate its authors. None of the respondents to an identical survey two years ago hinted at a decrease in outsourcing, yet nine per cent of onshore outsourcers and eight per cent of offshore investors indicated a different approach to supply chain management this year. These figures indicate that the outsourcing market it maturing, according to DiamondCluster partner Tom Weakland, co-author of the 2006 Global IT Outsourcing Study. "The outsourcing market is maturing in fundamental ways," he said.

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